Frontier Capital Management Co. LLC Has $15.50 Million Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Frontier Capital Management Co. LLC lifted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 512.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,520,722 shares of the company’s stock after buying an additional 2,108,845 shares during the period. Frontier Capital Management Co. LLC’s holdings in The Hain Celestial Group were worth $15,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of HAIN. Wealthfront Advisers LLC bought a new position in shares of The Hain Celestial Group in the 4th quarter valued at $370,371,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in The Hain Celestial Group by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock worth $38,276,000 after acquiring an additional 555,195 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of The Hain Celestial Group by 272.4% in the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock worth $36,101,000 after acquiring an additional 4,293,945 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of The Hain Celestial Group in the 4th quarter valued at approximately $14,322,000. Finally, Geode Capital Management LLC grew its holdings in shares of The Hain Celestial Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company’s stock valued at $13,803,000 after purchasing an additional 14,818 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $1.54 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The Hain Celestial Group, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $9.43. The stock has a 50 day moving average price of $3.47 and a two-hundred day moving average price of $5.37. The company has a market capitalization of $138.98 million, a P/E ratio of -0.79 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). The company had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The business’s revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. Analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analyst Ratings Changes

HAIN has been the topic of a number of research reports. Stifel Nicolaus reduced their price objective on The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating on the stock in a research report on Thursday. Mizuho cut their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Evercore ISI dropped their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 23rd. Maxim Group decreased their price objective on The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating for the company in a report on Thursday. Finally, Piper Sandler reduced their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.61.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.